Quotes About Banks

What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.

Both in the US and throughout the world, there needs to be a growing presence of public development banks. These banks would make loans based on social welfare criteria - including advancing a full-employment, climate-stabilization agenda - as opposed to scouring the globe for the largest profit opportunities regardless of social costs.... Public development banks have always played a central role in supporting the successful economic development paths in the East Asian economies.

Banks are so protected from liability they would have to really do something that was their mistake in order for them to be liable for it. Banks don't look at signatures. They're processing millions of checks and they have very little liability.

The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.

The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.

Can you know you can have institutions that put curbs on that in various ways, and actually what the banks, you know, they have various capital ratios and that sort of thing, but the banks got around them, I mean, they set up sieves and that sort of thing just to get more leverage. People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X.

Hillary Clinton trashes the banks every time she opens her mouth, and yet she made $21 million in two years making speeches to those very banks that she trashes every day.

On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.

There used to be corporations that produced products. Now there are just banks that produce deals, hedge-fund-driven banks and derivatives and those things.

Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.

Banks have a new image. Now you have 'a friend,' your friendly banker. If the banks are so friendly, how come they chain down the pens?

I want to break up the Wall Street banks. Hillary Clinton doesn't. I want to raise the minimum wage to 15 bucks an hour. She wants $12 an hour. I voted against the War in Iraq. She voted for the War in Iraq. I believe we should ban fracking. She does not. I believe we should have tax on carbon and deal aggressively with climate change. That is not her position.

There are few things in politics more annoying than the Right's utter conviction that it owns the patent on the word 'freedom' that when its leaders stand up for the rights of banks to be unregulated or capital gains to be untaxed, that it is actually and obviously standing up for human liberty, the noblest cause of them all.

My operating assumption is we will always have very tough competition. And even with some European banks struggling right now, some of them can reemerge - and maybe even stronger.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing.

The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will cut wages and wiping out pension funds so as to pay banks and bondholders.

They have poisoned the Thames and killed the fish in the river. A little further development of the same wisdom and science will complete the poisoning of the air, and kill the dwellers on the banks. I almost think it is the destiny of science to exterminate the human race.

You entrust your money to banks, God entrusts His money to you. How would you feel if the bank took your money and used it to play the lottery or gamble with it? So, how does God feel?

Banks properly established and conducted are highly useful to the business of the country, and will doubtless continue to exist in the States so long as they conform to their laws and are found to be safe and beneficial.

I rob banks because that's where the money is.

The continuity of life is never broken; the river flows onward and is lost to our sight, but under its new horizon it carries the same waters which it gathered under ours, and its unseen valleys are made glad by the offerings which are borne down to them from the past,--flowers, perchance, the germs of which its own waves had planted on the banks of Time.

I’m a capitalist, not a corporatist. I’m not someone who believes we should be bailing out corporations whether their auto industries, or banks.

Women were like rivers, their banks were unreachable, the night often rang with the cries of the drowned.

This is the twilight of the banks. It would be a more cheerful spectacle if we could envision the dawn of the institutions that will replace them

Banks aren't neutral observers, they're ... the people who caused the mess. It's like someone who's wet themselves in a public building insisting they choose which mop the librarian fetches to clear up the puddle.

Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading derivatives than they do trading actual commodities.

Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay.

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

Genius is a bend in the creek where bright water has gathered, and which mirrors the trees, the sky and the banks. It just does that because it is there and the scenery is there. Talent is a fine mirror with a silver frame, with the name of the owner engraved on the back.

My family has spent 400 years farming on the banks of the Rio Grande. We know the value of hard work, love of the community, love for water and land.

It seems not to matter that we are at the brink of a war that may spread beyond Afghanistan and Iraq to Iran and Georgia and then where? To Syria? To North Korea? To China? That we in America are in economic doldrums and are seeing small businesses fold and houses reclaimed by banks and a smouldering panic that is palpable everywhere.

If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.

No life, my honest scholar, no life so happyand so pleasant as the life of a well-governed angler; for when the lawyer is swallowed up with business, and the statesman is preventing or contriving plots, then we sit on cowslip-banks, hear the birds sing, and possess ourselves in as much quietness as these silver streams, which we now see glide so quietly by us.

My profession brought me in contact with various minds. Earnest, serious discussion on the condition of woman enlivened my business room; failures of banks, no dividends from railroads, defalcations of all kinds, public and private, widows and orphans and unmarried women beggared by the dishonesty, or the mismanagement of men, were fruitful sources of conversation; confidence in man as a protector was evidently losing ground, and women were beginning to see that they must protect themselves.

I think politically there is less juice to be squeezed out of that orange in the Democratic side. I mean, my feeling is your median Democratic voter, they`re angry at the banks or they`re not psyched about companies that outsource and things like that.

I wear a lot of wigs as Jacques Mesrine. He'd wear multiple wigs and take them off one at a time to rob three banks in one hour.

Politicians all over the world cater to domestic vote banks. They will spend only on what their constituents want. So unless there is a grass root green movement in a nation the politicians will not be willing to spend money on curbing emissions. More awareness is needed amongst the people to effect the real change in how governments spend.

Rockefeller and his associates did not build the Standard Oil Co. in the board rooms of Wall Street banks. They fought their way to control by rebate and drawback, bribe and blackmail, espionage and price cutting, by ruthless efficiency of organization.

Banks get in trouble for one reason: They make bad loans.

While many of the established media make losses or go bankrupt, WikiLeaks has survived a major conflict with a superpower, including an unlawful economic blockade by its banks and credit card companies and the detention of its editor. We have no debts. We have not had to fire staff. We have never lost a court case related to our publishing. We have never been forced to censor. Adversity has hardened us.

Biodiversity can't be maintained by protecting a few species in a zoo, or by preserving greenbelts or national parks. To function properly, nature needs more room than that. It can maintain itself, however, without human expense, without zookeepers, park rangers, foresters or gene banks. All it needs is to be left alone.

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

In the real world, banks hang onto their money for fear of making bad loans, no matter how many bailouts or stimulus packages Washington passes.

My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.

You've got to ask yourself, why won't Donald Trump release his tax returns? I think there may be a couple of reasons. First, maybe he's not as rich as he says he is. Second, maybe he's not as charitable as he claims to be. Third, we don't know all of his business dealings, but we have been told through investigative reporting that he owes about $650 million to Wall Street and foreign banks. Or maybe he doesn't want the American people to know that he's paid nothing in federal taxes.

I think the women in the political positions will push very, very hard to see that there are loans and banks for women in Rwanda.

I am a forest, and a night of dark trees: but he who is not afraid of my darkness, will find banks full of roses under my cypresses.

Got no checkbooks, got no banks. Still I'd like to express my thanks - I've got the sun in the mornin' and the moon at night.